Company buys back 780,000 shares
Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.
The volume weighted average price paid per ordinary share was 807.79.
The Playtech advisory reiterated that the repurchased shares will be cancelled, resulting in the total number of ordinary shares with voting rights at 321,844,603, which may be used by shareholders as the denominator for the calculations by which they will made decisions on their obligations to notify changes in their investments.
Playtech advised on the following day that it had re-purchased a further 320,000 shares on the LSE at prices between 797.00 and 813.00 – a weighted average price per share of 802.31.
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